Temasek Hires Ex-BofA Banker Ghosh as India Managing Director

Temasek Holdings Pte has hired
Promeet Ghosh, a former investment banker at Bank of America
Corp.’s Indian unit as managing director in Mumbai.

Tan Yong Meng, a Temasek spokesman in Singapore, confirmed
Ghosh’s appointment today. Ghosh, 42, left Bank of America last
year to start an investment bank, two people said in April 2011.

Singapore’s state-owned investment company which managed
S$193 billion ($150 billion) as of March 31 last year, has been
increasing its investments in India. The company in 2010 said it
had invested S$280 million in GMR Energy Ltd. and S$240 million
in the National Stock Exchange of India Ltd. It agreed to buy a
4.9 percent stake in India’s Godrej Consumer Products Ltd. (GCPL) for
6.85 billion rupees in January.

Rohit Sipahimalani, took over as head of Temasek’s Indian
unit since Manish Kejriwal left to “explore a new fund
platform” in the South Asian nation, Stephen Forshaw, a
spokesman for Temasek said October.